Jeremy Horpedahl đĨđ
@jmhorp
Dad, Economist, and Arkansan.
Associate Professor @UCAbusiness, Director @ACRE_UCA, Adjunct Scholar @CatoInstitute. Tweets are mine
1.3K Following 27.9K Followers
Here's @ernietedeschi with a similar but slightly different chart (per adult rather than per household, and a different inflation adjustment)
Very exciting to update this chart with the 2025 data!
Millennials at age 40 have about 60% more real net worth than Boomers did at age 40, and almost 100 percent more than Gen X
Let's count the reasons this is dumb:
1. You couldn't legally invest in gold in 1971
2. You can live in a house, but not in a gold vault
3. $25K invested in the S&P 500 in 1971 would be worth $8.5 million today
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It seems a bit strange to call price controls a part of "Anti-fascist Economics" when price controls were one of the primary economic policies of Fascist Italy.
Relative to wages, a Chipotle burrito is more affordable today than in 2010
Minutes of work to purchase at average wage:
2010: 20 minutes
2026: 18 minutes
When you complete your PhD in economics, you are given the secret to getting rich. Fortunately, I will tell you: it's just an index card that says "income > consumption, put your savings in index funds"
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On the left is a socialist that was born and raised in Queens. On the right is a socialist that currently lives in Queens.
